Hi Mark, I'm grateful to be reading your thoughtful commentary again. As far as efficiency, some years ago you highlighted the cost to run CPP vs other major pensions. My quick look indicates CPP spends about 4x as a % of assets vs HOOPP. Further, CPP is not a pension. Benefits are determined by the government of the day.
Another brilliantly crafted article, with an understanding of Canada’s true nature, that should be required reading for every second year Canadian political science student and all staffers at PMO and the department of finance. Wonderful analysis Mark.
Hi Mark, I'm grateful to be reading your thoughtful commentary again. As far as efficiency, some years ago you highlighted the cost to run CPP vs other major pensions. My quick look indicates CPP spends about 4x as a % of assets vs HOOPP. Further, CPP is not a pension. Benefits are determined by the government of the day.
Another brilliantly crafted article, with an understanding of Canada’s true nature, that should be required reading for every second year Canadian political science student and all staffers at PMO and the department of finance. Wonderful analysis Mark.